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Centene discloses WellCare execs’ next moves

June 17, 2019 - Ken Burdick, CEO of WellCare Health Plans Inc., and Drew Asher, WellCare’s CFO, will become executive vice presidents of Centene (NYSE: CNC), after Centene completes its $17 billion purchase of WellCare (NYSE: WCG), a Tampa-based managed healthcare firm. Burdick will get an annual base salary of $1.4 million and stock worth $4.4 million if he stays for the full two years of his contract, along with annual stock grants and cash bonuses. Asher’s base salary will be $750,000 and he’ll get a cash bonus of $1.25 million, as well as other cash and stock awards as part of his two-year contract, Centene said in a regulatory filing late Friday.

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